Public Statement 8 of 2023 - FOREX BMC (2023-06-29)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) alerting the public that FOREX BMC UK LTD, also trading as FOREX BMC and operating via the website forexbmc.net, is not and has never been licensed or regulated by the FSC to carry on any financial services business in or from the BVI.

• Entity named: FOREX BMC UK LTD, a company registered in England and Wales (registration number 11850384), trading as FOREX BMC via forexbmc.net.
• Alleged conduct: The entity falsely claims to be authorised, licensed and globally regulated, offering a trading platform (MT5 Integrated System) for forex, commodities, crypto assets, currencies, indices, ETFs and other financial products.
• FSC finding: FOREX BMC UK LTD has never been licensed or regulated by the FSC to provide such trading or financial services in or from the Virgin Islands.
• Public advice: Members of the public are advised to exercise extreme caution and avoid conducting business with FOREX BMC UK LTD, and to report any information on questionable entities to the FSC.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

The notice is informational and protective in nature, aimed at warning the public and does not impose ongoing compliance obligations on licensed entities.

Applies to

members of the public, unlicensed entities purporting to offer financial services